ZTE Coughs Up $3 Billion for Network Gear from U.S. Corps.
ZTE today announced that it has signed purchase agreements totaling more than $3 billion for semiconductors and other networking technology from U.S. vendors. ZTE will use semiconductor parts from Qualcomm, Freescale Semiconductor, Texas Instruments, Altera and Broadcom over the next three years. ZTE says the purchases are meant to increase its ties with U.S. companies, as well as to help reduce the time it takes to get products to market. ZTE has made small strides towards increasing its presence in the U.S. market, including recent distribution agreements with Verizon Wireless and MetroPCS, which are selling the ZTE Salute and the ZTE Agent, respectively.
ZTE Takes On Partner to Fund Nubia Business
ZTE today said Suning Rundong has invested $297 million in Nubia Technology. Suning sells electronic goods online in ZTE's home market of China.
ZTE May Lose Access to Google's Android Operating System
ZTE and Google have met to discuss what to do concerning the Commerce Department's action this week that bans U.S. companies from selling components and software to ZTE.
ZTE Says Intel Chiefs' Fears Unfounded, Its Phones No Threat
ZTE says American consumers have no reason to fear its cell phones. The company issued a statement after the heads of the FBI, CIA, NSA and other intelligence groups suggested that Americans should not purchase phones made by ZTE and Huawei.
ZTE Looking to Appeal Export Ban
ZTE is planning to appeal a ban recently placed on exports, reports Reuters. Last week, the U.S.